Las Vegas, Nevada – Eric Adams, the mayor of New York City, asked for the end of Bitlicense in a speech at Bitcoin 2025 in Las Vegas on Wednesday.
During his speech, Adams encouraged cryptographic businesses to return to the United States and establish a store in New York, echoing the comments he made last week at the first cryptographic summit of the city held in Gracie Mansion, the official home of the mayor in Manhattan.
“New York is the state of the empire. We do not break empires. We build empires. We are telling you, we return home,” Adams said. “[I’m] The mayor of Bitcoin, and I love you back in New York City, where you will not be attacked and criminalized. Let’s get rid of [Bit]License and allow us to have the free flow of Bitcoin in our city. “
ADAMS has previously criticized the Bitígense, the obtain notoriously difficult license issued by the main financial regulator of New York, the New York Financial Services Department (NYDFS). However, when asked about the impact of the reputation of Bitlicense and Nydfs as a difficult regulator during a press conference earlier this month, Adams covered, saying It was “good to know that the city will have safe regulations for those who are investing and there will be no abuse, but at the same time, we can regulate in excess.”
Adams also promised to fight for the creation of a so -called Bitbond, probably referring to a municipal bond backed by Bitcoin.
Such bail could allow New York residents to obtain exposure to the upper cryptocurrency in a tax lawyer. The instrument would also allow the city to raise capital.
ADAMS did not provide details about the city’s bitbond potential. However, the Bitcoin Policy Institute published a policy report in March that advocated Bitbonds that would use 90% of its income to finance the government and 10% to buy Bitcoin.
Bono holders would receive 1% interest annually for 10 years. After the maturity of the bonus, they would also receive 100% of the Bitcoin advantage to 4.5% compound yield, then 50% of all the remaining upwards. Any remaining Bitcoin gain would be used to constitute the government’s Bitcoins Reserve.
Adams, who was first chosen as a Democrat, is currently running for re -election as an independent.
